1818 Olympic Highway South

1818 Olympic Highway South

Shelton, WA 98584

$480,000
Price
4
Beds
3.5
Baths
2,500 Sq. Ft.
$192 / Sq. Ft.
2,500
Sq. Ft.
$192
per Sq. Ft.
a view of a house with a yard
Listing provided courtesy of AgencyOne

Description

Fantastic cash flowing tri-plex with solid tenants in place. Great location close to bus lines and shopping. major remodel completed less then 3 years ago, new hot water heater in last year so this place is good to go. Don't miss this amazing investment opportunity.Fantastic cash flowing tri-plex with solid tenants in place. Great location close to bus lines and shopping. major remodel completed less then 3 years ago, new hot water heater in last year so this place is good to go. Don't miss this amazing investment opportunity.
  1. Listed by Nikki Boad • AgencyOne

Property Details for 1818 Olympic Highway South

Community Name
Shelton
School District
Shelton
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
03-06-2024
Energy Source
Electric
Sewer
Septic Tank

Location

Listing Courtesy of AgencyOne
Add your commute
LISTING UPDATED: 04/24/2024 11:26 AM

Property Details for 1818 Olympic Highway South

StatusActive
MLS #2207470
Days on Market52
Cumulative Days on Market52
Taxes$1,660 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.23 AC / 10,019 SF
CountyMason County

Location

Listing Courtesy of AgencyOne
Add your commute

Building Information for 1818 Olympic Highway South

Stories1Residences3Year Built1940Building Size-Lot Size0.23 AC / 10,019 SF

Payment Calculator

$2,758 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,620

Property Taxes

$138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1818 Olympic Highway South

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Cable TV, Fenced-Partially, RV Parking
  • Area: 175 - Shelton
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: Olympic Hwy S and Arcadia. FOR PARKING: Turn Right (east) on Arcadia then right (south) on SE Ridge Rd. Home is on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate
  • Features: Laminate
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public, See Remarks, Shared Well
  • Water/Sewer/Garbage: 100
  • Power Company: PUD3
  • Sewer Company: Septic
  • Water Company: City of Shelton
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Post & Block
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: owner
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 1
Lot Information
  • Lot Details: Paved
  • Lot Size Source: MLS
  • Parcel Number Free Text: 320295101004
  • Building Condition: Good
  • Calculated Square Footage: 2500
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2500.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $250
  • Total Expenses: 2891
  • Gross Adjusted Income: 42600
  • Gross Rent Multiplier: 13.7
  • Gross Scheduled Income: $3,550
  • Insurance Expense: $881
  • Net Operating Income: $36,156
  • Other Expenses: $0
  • Total Monthly Income: 3850
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1000
  • Rent Unit 1: $1,400.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1000
  • Rent Unit 2: $1,300.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 500
  • Rent Unit 3: $850.00
  • Bedrooms Unit 3: 0
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2500.0
  • Leasable Area Units: Square Feet

Property History for 1818 Olympic Highway South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1818 Olympic Highway South

Taxable ValueLand$25,675Additions$133,895Total$159,570
Tax Record2023$1,660 ($138 / month)
Home Facts
Total Finished SqFt1,738 SqFtAbove Ground SqFt1,738 SqFtStories1Lot Size10,019 SqFtStyleDuplexYear Built1940CountyMASONAPN32029-51-01004

Schools near 1818 Olympic Highway South

This home is within Shelton School District.
Rating
School
Type
Grades
Distance
Bordeaux Elementary School
Public - K to 4
Olympic Middle School
Public - 5 to 6
Oakland Bay Junior High School
Public - 7 to 8
Shelton High School
Public - 9 to 12
Rating
School
Distance
Bordeaux Elementary School
PublicK to 4

Olympic Middle School
Public5 to 6

Oakland Bay Junior High School
Public7 to 8

Shelton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near 98584

Neighborhoods

Cities

ZIPs

More information about 1818 Olympic Highway South, Shelton, WA 98584

1818 Olympic Highway South is a multi-family home for sale in Shelton, WA 98584. This property was listed for sale on March 6, 2024 by AgencyOne, it's currently listed at $480,000. It has been on the market for a total of 52 days and was last sold on October 11, 2019. This listing's school district is Shelton School District. Nearby schools include Bordeaux Elementary School, Olympic Middle School and Oakland Bay Junior High School. 1818 Olympic Highway South is a 4-bed, 3.5-bath, 2,500 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AgencyOne

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.